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Solution to your question is as follows:
It has been assumed that the entity has no any Opening stock .For adjusting entries, entries are posted in profit and loss account as provision for expenses account since the expenses pertains to current year on accrual basis.
| Cash Account | |||
| Particulars | $ | Particulars | $ |
| Opening balance | 46,500.00 | Purchase( 16 june) | 13,100.00 |
| Received from customers(25 feb) | 77,800.00 | Account payables | 11,800.00 |
| Received from customers( Mar 19) | 46,200.00 | Salaries payment | 69,200.00 |
| Common stock issue | 35,000.00 | Advertisment(22 Nov) | 23,000.00 |
| Dividend(30 December) | 3,400.00 | ||
| Balance carried forward(Closing balance) | 85,000.00 | ||
| 205,500.00 | 205,500.00 |
| Account recievables Account | |||
| Particulars | $ | Particulars | $ |
| Opening balance | 30,700.00 | Cash | 77,800.00 |
| Supply of services(Sale)(jan 12 & 25 Feb) | 145,200.00 | cash(Mar 19) | 46,200.00 |
| Balance carried forward(Closing balance) | 51,900.00 | ||
| 175,900.00 | 124,000.00 |
| Land Account | |||
| Particulars | $ | Particulars | $ |
| Opening balance | 115,800.00 | Balance carried forward(Closing balance) | 115,800.00 |
| 115,800.00 | 115,800.00 | ||
| Account payables Account | |||
| Particulars | $ | Particulars | $ |
| Cash(7 july) | 11,800.00 | Opening balance | 15,800.00 |
| Balance carried forward(Closing balance) | 4,000.00 | ||
| 15,800.00 | 15,800.00 |
| Notes payables Account | |||
| Particulars | $ | Particulars | $ |
| Opening balance | 35,000.00 | ||
| Balance carried forward(Closing balance) | 38,000.00 | Accrued interest | 3,000.00 |
| 38,000.00 | 38,000.00 |
| Common Stock Account | |||
| Particulars | $ | Particulars | $ |
| Opening balance | 105,000.00 | ||
| Balance carried forward(Closing balance) | 140,000.00 | Fresh issue( 30 Apr) | 35,000.00 |
| 140,000.00 | 140,000.00 |
| Retained Earning Account | |||
| Particulars | $ | Particulars | $ |
| Opening balance | 105,000.00 | ||
| Balance carried forward(Closing balance) | 139,300.00 | From Profit and loss Account | 34,300.00 |
| 139,300.00 | 139,300.00 |
| Profit & loss Account | |||
| Particulars | $ | Particulars | $ |
| Opening stock | 0 | Sale | 145,200.00 |
| purchase | 13,100.00 | ||
| Salaries(30 Sep) | 69,200.00 | Closing Stock | 2,800.00 |
| Advertisment(22 Nov) | 23000 | ||
| Dividend | 3,400.00 | ||
| Provision for expenses | 5,000.00 | ||
| Profit | 34,300.00 | ||
| 148,000.00 | 148,000.00 |
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